Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

None

Course Description

This unit describes the performance outcomes, skills and knowledge required to research and develop an integrated business plan for achieving business goals and objectives. Specific legal requirements apply to the management of a small business.

National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBSMB404A Undertake small business planning

Element:

1. Identify elements of the business plan

Performance Criteria:

1.1. Identify purpose of the business plan

1.2. Identify and review the essential components of the business plan

1.3. Identify and document business goals and objectives as a basis for measuring business performance

Element:

2. Develop a business plan

Performance Criteria:

2.1. Research resources, legal and compliance requirements, specifically in relation to occupational health and safety (OHS), in accordance with business goals and objectives

2.2. Research market needs, and market size and potential

2.3. Identify sources and costs of finance, from the financial plan, to provide required liquidity and profitability for the business

2.4. Identify methods, from the marketing strategies, to promote the market exposure of the business

2.5. Identify methods/means of production/operation from the production/operations plan to conform with business goals and objectives

2.7. Identify specialist services and sources of advice, where required, and cost in accordance with resources available

Element:

3. Develop strategies for minimising risks

Performance Criteria:

3.1. Identify specific interests and objectives of relevant people and seek and confirm their support of the planned business direction

3.2. Identify and develop risk management strategies according to business goals and objectives, and relevant legal requirements

3.3. Develop contingency plan to address possible areas of non-conformance with the plan

Learning Outcomes

On successful completion of this course, you will have developed and applied the skills and knowledge required to demonstrate your competency in the above elements.

Details of Learning Activities

Learning activities will take place in a class room using industry standard resources. You will complete exercises and industry relevant projects. You will also be required to undertake independent study to complete assignments outside class time.

In class activities may include:
• Presentations and demonstration
• teacher directed group activities/projects with individual input from students
• class exercises to practice and develop skills
• Analysis/critique of relevant material
• Student presentations with Teacher and Peer feedback and review
• Personal class time to discuss and develop own work for assessment/presentation

Out of class activities may include:
• practical work on projects
• investigation and research
• preparing of work for presentations
• project work
• independent research
• online research
You are expected to manage your learning and undertake an appropriate amount of out-of-class independent study and research.

RMIT will provide you with resources and tools for learning in this course through our online systems. Learning resources include access to studios and computer laboratories and relevant software. You will also be expected to make use of the library resources.

Overview of Assessment

Evidence of the following is essential:

- development of a business plan which provides for finance, marketing and provision of products/services to facilitate the business goals and objectives

- identification of and planning for, OHS and duty of care responsibilities

- development of risk management strategies

- knowledge of relevant legislation.

The RMIT assessment charter summarises your responsibilities as a student as well as those of your teachers. http://mams.rmit.edu.au/kh6a3ly2wi2h1.pdf

Assessment Tasks

To demonstrate competency in this course, you will need to complete the following pieces of assessment to a satisfactory standard. You will receive feedback on all assessment.

Assessment task Content/requirements Hand out Date Due date

1 Business Plan Draft submission 1 Week 2 Week 9

Final Submission Week 2 Week 15

2 OH&S Research Report Week 2 Week 9

Graded assessment applies for courses within the Diploma of Product Design

The assessment matrix demonstrates alignment of assessment tasks with the relevant Unit of Competency. These are available from the course on your online Blackboard portal.

Other Information

Feedback

You will receive verbal and written feedback by teacher on your work. This feedback also includes suggestions on how you can proceed to the next stage of developing your projects.
Feedback will be given on all assessment tasks.

Plagiarism

RMIT has a strict policy on plagiarism. Please refer to the website for more information on this policy.

Special consideration policy (late submission)
All assessment tasks are required to be completed to a satisfactory level. If you are unable to complete any piece of assessment by the due date, you will need to apply for an extension.
Please refer to the following URL for extensions and special consideration:
http://www.rmit.edu.au/browse;ID=qkssnx1c5r0y;STATUS=A;PAGE_AUTHOR=Andrea%20Syers;SECTION=1;

Please note
While your teacher will cover all the material in this schedule, the weekly order is subject to change depending on class needs and availability of resources and student progression.